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Monetary Economics Econ 111 Fall 2004 Syllabus Professor Marjorie Flavin Office: Econ 216 Phone: 534-4649 Email: [email protected] Office hours: Monday 10:00-11:00 and Thursday 2:00-3:00 Required text: Frederic Mishkin, The Economics of Money, Banking, and Financial Markets, Pearson, Addison Wesley, 7thedition. Prerequisites: Math lOA or 20A and Econ lA, IB or Econ 2A,2B or Econ 1,2,3 Class meetings: Monday, Wednesday, and Friday, 9:00-9:50, CSB 4 TA: Lei Meng Email: [email protected] Office hours: Tuesday 9:30-10:30 and Friday 10-11:30 Office: Econ 127 To access the class web page, go to webct.ucsd.edu Contents ofthe course: The determination and behavior of interest rates; the determination of asset prices and returns in the stock market, the theory of exchange rates, the implementation of monetary policy, the international monetary system, and the relationship between money and inflation. In addition to the sheer intellectual pleasure of understanding these aspects of monetary economics, you will find the material in this course of great practical use in any of the following endeavors: evaluation the terms of car loans or mortgages, understanding why the stock market rises or falls dramatically when Alan Greenspan utters a few works, and understanding the policy debate as to whether Britain should enter the European monetary union. Course grade: Midterm 1: 20% Midterm 2: 20% Problem Sets: 10% Final exam: 50% Problem sets: Problem sets are due at the beginning of class. Exams: The dates of the midterms are indicated on the schedule. If you have some schedule conflict that prevents you from taking one of the midterms, please discuss the situation with me within the first two weeks of the quarter.

Syllabus - Courses.ucsd.edu - Course Resource Listingscourses.ucsd.edu/syllabi/FA04/508095.pdf ·  · 2005-04-05Monetary Economics Econ 111 Fall 2004 Syllabus Professor Marjorie

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Page 1: Syllabus - Courses.ucsd.edu - Course Resource Listingscourses.ucsd.edu/syllabi/FA04/508095.pdf ·  · 2005-04-05Monetary Economics Econ 111 Fall 2004 Syllabus Professor Marjorie

Monetary EconomicsEcon 111Fall 2004

SyllabusProfessor Marjorie FlavinOffice: Econ 216Phone: 534-4649Email: [email protected] hours: Monday 10:00-11:00 and Thursday 2:00-3:00

Required text: Frederic Mishkin, The Economics of Money, Banking, and FinancialMarkets, Pearson, Addison Wesley, 7thedition.

Prerequisites: Math lOA or 20A and Econ lA, IB or Econ 2A,2B or Econ 1,2,3Class meetings: Monday, Wednesday, and Friday, 9:00-9:50, CSB 4

TA: Lei MengEmail: [email protected] hours: Tuesday 9:30-10:30 and Friday 10-11:30Office: Econ 127

To access the class web page, go to webct.ucsd.edu

Contents ofthe course:The determination and behavior of interest rates; the determination of asset prices

and returns in the stock market, the theory of exchange rates, the implementation ofmonetary policy, the international monetary system, and the relationship between moneyand inflation.

In addition to the sheer intellectual pleasure of understanding these aspects ofmonetary economics, you will find the material in this course of great practical use in anyof the following endeavors: evaluation the terms of car loans or mortgages,understanding why the stock market rises or falls dramatically when Alan Greenspanutters a few works, and understanding the policy debate as to whether Britain shouldenter the European monetary union.

Course grade: Midterm 1: 20%Midterm 2: 20%Problem Sets: 10%Final exam: 50%

Problem sets: Problem sets are due at the beginning of class.Exams: The dates of the midterms are indicated on the schedule. If you have someschedule conflict that prevents you from taking one of the midterms, please discuss thesituation with me within the first two weeks of the quarter.

Page 2: Syllabus - Courses.ucsd.edu - Course Resource Listingscourses.ucsd.edu/syllabi/FA04/508095.pdf ·  · 2005-04-05Monetary Economics Econ 111 Fall 2004 Syllabus Professor Marjorie

Date

Friday, Sept 24:

Monday, Sept 27:Wednesday, Sept 29:Friday, October 1:

Monday, October 4:Wednesday, October 6:Friday, October 8:

Monday, October 11:Wednesday, October 13:Friday, October 15:

Monday, October 18: 6Wednesday, October 20: 6Friday, October 22: 6

Monday, October 25:Wednesday, October 27:Friday, October 29:

Monday, November 1:Wednesday, November 3:Friday, November 5:

Econ 111 Reading Assignments

ChaQter topic

Introduction

1,2,344

Why money is valuedInterest rates and debt instruments

445 The behavior of interest rates

5Midterm 16 The term structure of interest rates

777

The stock market

77Midterm 2

Exchange ratesMonday, November 8: 19Wednesday, November 10: 19Friday, November 12: 19

Monday, November 15: 20Wednesday, November 17: 21Friday, November 19: 22

The international financial systemInternational monetary economicsThe demand for money

Monday, November 22:Wednesday, November 24:Friday, November 26:

Monday, November 29:Wednesday, December 1:Friday, December 3:

26 The monetary transmission mechanism27 Money and inflationno class (Thanksgiving holiday)

272727

Final exam: Thursday, December 9, 8:00-11:00 a.m.